Funding approved for Loveland Alzheimer’s center

DENVER – Bloomington, Minn.-based NorthMarq Capital announced its Denver
office has arranged $7.31 million in construction financing for the
Memory Care at Seven Lakes Assisted Living center in Loveland.

The center will be a single-story, 25,398-square-foot building at 1990
Pike’s Peak Avenue and include 48 units. Developer Scott Bray said the
center will be divided into four, 12-unit pods that will each have its
own community kitchen area.

“What’s different about it is it’s a residential setting,” he said. “There’s no skilled nursing attached to it.”

Bray said the center will be staffed, operated and managed by Frontier…